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RBA Glossary definition for FWC

FWC – Fair Work Commission

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6 June 2023 | Minutes of the Monetary Policy Meeting of the Board

20 Jun 2023 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 June 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-06-06.html

4 July 2023 | Minutes of the Monetary Policy Meeting of the Board

18 Jul 2023 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 July 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-07-04.html

Inflation

6 Aug 2021 SMP – August 2021
Growth was also supported by award wage increases in a range of industries, after these had been delayed from July 2020 to February 2021 by the Fair Work Commission (FWC). ... Graph 4.15. In June, the FWC determined an increase of 2.5 per cent in the
https://www.rba.gov.au/publications/smp/2021/aug/inflation.html

Inflation

10 Aug 2018 SMP – August 2018
Graph 4.12. The Fair Work Commission (FWC) determined that there would be a 3.5 per cent increase in the national minimum wage from 1 July 2018 in its annual ... Other employees are likely to be indirectly affected by the FWC decision because wage
https://www.rba.gov.au/publications/smp/2018/aug/inflation.html

Wages Growth by Pay-setting Method

20 Jun 2019 Bulletin – June 2019
James Bishop and Natasha Cassidy
Using job-level micro data, we show that the dynamics of wages growth differ across pay-setting methods.
https://www.rba.gov.au/publications/bulletin/2019/jun/wages-growth-by-pay-setting-method.html

Inflation

8 Nov 2019 SMP – November 2019
This was due to a number of large retail EBAs that had expired and were either being renegotiated or awaiting Fair Work Commission (FWC) approval. ... Some new EBAs have been approved by the FWC over the past year, so retail wages growth should pick up a
https://www.rba.gov.au/publications/smp/2019/nov/inflation.html

Inflation

5 Aug 2022 SMP – August 2022
Graph 4.17. Graph 4.18. In June, the FWC determined an increase of 5.2 per cent in the national minimum wage. ... upon. However, some of these households will have their real income supported by the FWC decision and by increases in employment.
https://www.rba.gov.au/publications/smp/2022/aug/inflation.html

References

31 Dec 2014 RDP 2014-08
Peter Downes, Kevin Hanslow and Peter Tulip
Available at <http://www.fwc.gov.au/sites/afpc2009wagereview/research/ModellingoftheMacroeconomicImpactofAFPCMWD.pdf>. Downes P and A Stoeckel (2006), ‘Drivers of Structural Change in the Australian Economy’, Centre for International Economics
https://www.rba.gov.au/publications/rdp/2014/2014-08/references.html

Inflation

10 Feb 2019 SMP – February 2019
As at May 2018, a little over 20 per cent of employees had their pay set by awards, which are mostly determined by the Fair Work Commission (FWC). ... The FWC award decision is also likely to influence wage outcomes for some employees not on an award.
https://www.rba.gov.au/publications/smp/2019/feb/inflation.html

Economic Outlook

4 Aug 2023 SMP – August 2023
Economic Outlook | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/economic-outlook.html